Mini trade deal with US likely soon, to leave agriculture, dairy out for now: Report

New Delhi and Washington were engaged in intense negotiations over the past few weeks to find consensus before the end of the 90-day tariff pause announced by US President Donald Trump

A mini trade deal between India and the US is just around the corner, with contentious issues such as dairy and agriculture left for the later phases of the deal, a report by the Economic Times said on July 7, adding that the pact could be announced in the next two days.

The deal has moved towards the conclusion phase and agri-related issues will be discussed later, the paper said citing sources aware of the development. The deal, expected to be announced before the July 9 deadline, will likely cover trade in goods, ET said.

Moreover, the two countries will ink multiple agreements as soon as the issues are resolved, the report said.

Moneycontrol could not independently verify the report.

New Delhi and Washington were engaged in intense negotiations over the past few weeks to find consensus before the end of the 90-day tariff pause announced by US President Donald Trump.

Earlier, Moneycontrol had reported that a breakthrough was in sight and a mini trade deal could be announced soon.

An Indian delegation led by commerce ministry special secretary Rajesh Agarwal was in the US recently to eke out a deal.

Moneycontrol has reported that India has toughened its position on issues related to dairy and agriculture, especially genetically modified crops, as negotiations in Washington enter a crucial phase.